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TopgOptions
Aug 5, 2023 11:52 AM

SMCI Super Micro Computer Options Ahead of Earnings Long

Super Micro Computer, Inc.NASDAQ

Description

Analyzing the options chain and the chart patterns of UPWK Upwork prior to the earnings report this week,
I would consider purchasing the 330usd strike price Calls with
an expiration date of 2023-8-11,
for a premium of approximately $24.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Looking forward to read your opinion about it.



Trade closed: target reached

SMCI reached $357.03 ahead of earnings.
Comments
alainroumi
Hello breda. a Typo mistake. Should me SMCI instead of UPWK.
TopgOptions
@alainroumi, yes, thank for correcting me!
Marine619
Can you provide an updated analysis on SMCI since earnings and the crash of the stock price? Thank you
TopgOptions
@Marine619, bullish!
amaloyz
bro is pro, after earning down -20% , belive it, AI pump is over, nvda is the reason this pumped so hard with low float.
cxs4g3
@amaloyz, stock market is rigged lol earnings 10%, expectations beat by 20% - yes stock goes down lol
amaloyz
@cxs4g3, way overbought that why, non stop buying for months
TopgOptions
@cxs4g3, yeah?
TopgOptions
@amaloyz, are you sure?
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